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OPERATING SEGMENTS (Tables)
3 Months Ended
Mar. 31, 2015
Segment Reporting [Abstract]  
Summarized Operating Segment Data
Summarized operating segment data are as follows (in thousands):
Three Months Ended 
 March 31, 2015
 
Real
Estate
 
Financial
Fund
Management
 
Commercial
Finance
 
All
Other
(1)
 
Total
RAI
 
RSO
 
Eliminations
 
Total
Consolidation
Revenues from external customers
 
$
16,294

 
$
3,129

 
$
13

 
$

 
$
19,436

 
$
24,361

 
$
(3,452
)
 
$
40,345

Equity in (losses) earnings of unconsolidated entities
 
672

 
2,008

 
(15
)
 

 
2,665

 

 
(821
)
 
1,844

Total revenues
 
16,966

 
5,137

 
(2
)
 

 
22,101

 
24,361

 
(4,273
)
 
42,189

Segment operating expenses
 
(11,499
)
 
(2,990
)
 
(579
)
 

 
(15,068
)
 
(21,060
)
 
3,368

 
(32,760
)
General and administrative expenses
 
(879
)
 
(284
)
 

 
(2,134
)
 
(3,297
)
 

 

 
(3,297
)
Provision for credit losses
 
(114
)
 

 
(288
)
 

 
(402
)
 

 

 
(402
)
Depreciation and amortization
 
(312
)
 
(16
)
 

 
(129
)
 
(457
)
 

 

 
(457
)
Interest expense
 
(183
)
 

 

 
(238
)
 
(421
)
 

 

 
(421
)
Other income (expense), net
 
223

 
441

 
1

 
(351
)
 
314

 
16,516

 
(467
)
 
16,363

Pretax loss (income) attributable to noncontrolling interests (2)
 
8

 

 

 

 
8

 
(8,568
)
 
(9,227
)
 
(17,787
)
Income (loss) from continuing operations, net of noncontrolling interests before taxes
 
$
4,210

 
$
2,288

 
$
(868
)
 
$
(2,852
)
 
$
2,778

 
$
11,249

 
$
(10,599
)
 
$
3,428

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended 
 March 31, 2014
 
Real
Estate
 
Financial
Fund
Management
 
Commercial
Finance
 
All
Other (1)
 
Total
RAI
 
RSO
 
Eliminations
 
Total
Consolidation
Revenues from external customers
 
$
13,630

 
$
5,990

 
$

 
$

 
$
19,620

 
$
25,245

 
$
(2,880
)
 
$
41,985

Equity in (losses) earnings of unconsolidated entities
 
(355
)
 
1,085

 
(99
)
 

 
631

 

 

 
631

Total revenues
 
13,275

 
7,075

 
(99
)
 

 
20,251

 
25,245

 
(2,880
)
 
42,616

Segment operating expenses
 
(8,875
)
 
(4,389
)
 
(103
)
 

 
(13,367
)
 
(11,285
)
 
2,819

 
(21,833
)
General and administrative expenses
 
(1,096
)
 
(453
)
 

 
(1,605
)
 
(3,154
)
 

 

 
(3,154
)
Provision for credit losses
 
3

 

 
(1,211
)
 

 
(1,208
)
 

 

 
(1,208
)
Depreciation and amortization
 
(308
)
 
(11
)
 

 
(132
)
 
(451
)
 

 

 
(451
)
Interest expense
 
(196
)
 

 

 
(287
)
 
(483
)
 

 

 
(483
)
Other income, net
 
256

 
571

 
(2
)
 
(88
)
 
737

 
3,516

 
(554
)
 
3,699

Pretax loss (income) attributable to noncontrolling interests (2)
 
40

 

 

 

 
40

 
(2,344
)
 
(14,807
)
 
(17,111
)
Income (loss) from continuing operations, net of noncontrolling interests before taxes
 
$
3,099

 
$
2,793

 
$
(1,415
)
 
$
(2,112
)
 
$
2,365

 
$
15,132

 
$
(15,422
)
 
$
2,075

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Segment assets
 
Real
Estate
 
Financial
Fund
Management
 
Commercial
Finance
 
All
Other
(1)
 
Total
RAI
 
RSO
 
Total
Consolidation
March 31, 2015
 
$
191,539

 
$
49,258

 
$
4,173

 
$
(75,309
)
 
$
169,661

 
$
2,932,646

 
$
3,102,307

March 31, 2014
 
$
180,902

 
$
60,047

 
$
9,861

 
$
(82,254
)
 
$
168,556

 
$
2,341,335

 
$
2,509,891

 
(1)
Includes general corporate expenses and assets not allocable to any particular segment.
(2)
In viewing its segment operations, the Company includes the pretax income attributable to noncontrolling interests.  However, these interests are excluded from income (loss) from operations as computed in accordance with U.S. GAAP and should be deducted to compute income from operations as reflected in the Company’s consolidated statements of operations.